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Westlake Financial Services is backing NextCar, Scott Painter’s new subscription service. Painter is the founder and former chief executive of leasing app and subscription service Fair. Los Angeles, Calif.-based Westlake signed a letter of intent Dec. 17 agreeing to provide NextCar with a $400 million debt facility to purchase cars as consumers sign up for […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
